Quote from: danadc on November 09, 2024, 03:19:59 PM

Now I think everyone is learning the Lesson , those who took advantage of buying in the Dip are just watching their investment rise beautifully,

It could rather be that those people bought bitcoin when it was way cheaper 10years ago through DCA and could not have been buying dip. Because achieving a reasonable amount of bitcoin way back could not have been a one way strategy.

Quote from: danadc on November 09, 2024, 03:19:59 PM

but those who have not managed or could not Buy for other reasons , not everything is lost, they have the DCA method , I am applying it , and so Whenever it is I am sure I can get my first bitcoin and at the End of the Day that is what matters , having it, if the rice goes up I am Happy , if the price goes down I look for money somehow to Buy Cheap, it is all a Question of wanting.

Surely Your explanation seems to look confused in somewhat way that make me believe your explanation to be untrue and problematic. You sound as if you are investing yet you still proclaim to have been looking for money to buy when the price of bitcoin falls. I believe you are per of those that only wait to buy the dip. I will tell you that if you continue with this strategy you will not accumulate a reasonable amount of btc to your portfolio. Well it's up to you, but if I where to advise you I will say you should adopt the strategy of buying DCA regularly each week or monthly, and you can answell buy the dip. And make sure you set aside your emergency fund juts you should follow up the conversation here and understand a healthy investment approach for a better result.

Quote from: SOKO-DEKE on November 09, 2024, 04:32:56 PM

Quote from: SuperBitMan on November 09, 2024, 12:06:11 PM

Snip

Honestly, I will not encourage anyone to wait for a dip before starting to invest in Bitcoin. I feel that waiting is just a way of wasting time because there’s no assurance that the Bitcoin price will come down to the level someone might have in mind to start buying. By waiting, one might miss out on an opportunity to invest in Bitcoin.if someone wants to invest in Bitcoin but doesn’t want to buy all at once, they can use the Dollar-Cost Averaging (DCA) method, which allows them to buy at different price levels.

I quite agree with you that waiting to buy the dip is a waste of time, but surely each of us has our strategy of buying the dip. For me Waiting to buy the dip might not look as bad as you see it, just that it depends on the mindset of the person involved. As far as I know waiting to buy the dip is also one strategy in bitcoin accumulation process. When an investor buy regular through DCA and also buy lump sum and wait for each dip to buy is not a problem since he is surely has being accumulating with two other strategy. But when waiting to buy the dip will be classified as being a waste of time is when surely a person abandoned the DCA and lump sum and only waiting to buy the dip, I would agree with you that surly the person wasting his time, Because the best way of accumulation s combining all strategy. It is better off to even buy through DCA regularly than focusing on on luly dip.